Effective Date: May 15, 2025
Last Updated: May 15, 2025
These Terms & Conditions ("Terms") govern your access to and use of Accrue's website, mobile application, and all related features, services, and offerings (collectively, the "Services"). Please read them carefully before using any Services. By accessing or using the Services, you agree to be bound by these Terms and our Privacy Policy.
Throughout these Terms, "Accrue", "we", "us", or "our" refers to Rent to Own, Inc., including the platform accessible at iaccrue.com. "You" or "User" means a Residential Tenant (renter) who signs up for Accrue, either directly or through one of our partners (property managers, employers, affiliates, etc.).
By using the Services, you confirm that you are at least 18 years old and have the legal capacity to enter into these Terms. If you do not agree, do not use the Services.
Accrue is a savings program that allows eligible Residential Tenants to build future home-buying power by accruing credits ("Accrued Funds") based on monthly rent payments. These credits are intended to support the down payment and/or closing costs on a future home purchase through an eligible seller.
Users may join Accrue directly or through authorized partner organizations. Use of the platform remains subject to these Terms regardless of your registration method.
Users earn Accrued Funds each month based on a percentage of their verified rent payment. The base earnings rate, promotional bonuses, and other incentive tiers are determined by Accrue and may vary over time.
The applicable earning percentage will be clearly displayed to Users via their account dashboard or as part of any active promotion. Accrue reserves the right to modify, increase, or decrease these rates at its sole discretion, with or without prior notice.
Changes to earning rates will apply prospectively. Rates in effect at the time of accrual will remain valid unless otherwise communicated.
Accrued Funds do not have cash value, are not bank deposits, and are not redeemable for cash outside of the Accrue platform. However, when used in a qualifying purchase through Accrue, Accrued Funds are treated as cash-equivalent credits toward your home's down payment or closing costs.
By default, the amount of Accrued Funds applied toward a qualifying home purchase shall not exceed 2% of the net purchase price of the property. However, Accrue reserves the right to modify this cap dynamically on a per-user, per-listing, or per-partner basis.
The net purchase price is defined as the gross sale price minus any monetary concessions from the seller.
Accrued Funds may only be applied:
Accrue reserves the right to waive or modify any eligibility requirements, including lease-related conditions, on an individual or promotional basis. Use of funds requires execution of an "Application of Accrued Funds Agreement" between the User, Accrue, and the approved property seller.
Accrued Funds may be used only toward the down payment and/or closing costs of a residential property from an Accrue-approved seller and are not redeemable for cash.
Users must generally fulfill their lease obligations to remain eligible to use Accrued Funds. However, Accrue may, at its sole discretion, allow Users to retain and continue earning Accrued Funds even after moving or changing residences, including transitions between non-partner properties.
Continued participation and eligibility for application of Accrued Funds is determined by Accrue and may depend on factors including account standing, lease performance, referral status, or promotional qualification. Accrue reserves the right to deny, revoke, or modify the use of Accrued Funds at any time and for any reason.
Accrued Funds are non-transferable, non-withdrawable, and may be forfeited in the event of fraud, misuse, or violation of these Terms. However, forfeiture conditions may be waived or adjusted by Accrue in its sole discretion.
You authorize Accrue to access your lease terms and limited personal data (such as name, email, and address) for verification, tracking, and communication purposes. Your data will be managed per our Privacy Policy.
You also agree to receive relevant marketing communications from Accrue. You can opt out at any time.
If you were referred to Accrue by a property manager, employer, or affiliate, additional partner-specific terms may apply. However, all Users are bound by these Terms regardless of partner involvement.
Nothing in these Terms creates an agency, partnership, or employment relationship between you and Accrue.
We reserve the right to suspend or terminate your access to the Services at any time, for any reason, with or without notice. All accrued credits are forfeitable upon termination.
We may modify these Terms at any time, with or without prior notice. Updated Terms apply to all Users, including those who registered prior to the change. Continued use of the Services constitutes acceptance of the modified Terms.
Any dispute shall be governed by the laws of the State of California. You agree to resolve all claims exclusively in the courts of San Francisco County, California. You waive any right to a jury trial or class action.
Our liability is limited to $100 or the amount you've paid us in the past 12 months. We do not warrant the platform will be error-free or uninterrupted. Use at your own risk.
We may include third-party links, which are not governed by these Terms. Accessing those sites is at your own discretion and risk.
Accrue may, in the future, introduce optional features such as monthly subscriptions, rent tracking, or payment-related services. Any such features will be clearly disclosed, and participation will always require your explicit opt-in.
If payment processing is introduced, financial data may be handled securely through third-party providers, subject to their terms and privacy policies. We will update our Terms and Privacy Policy as needed to reflect any such changes.